IOSTUSDT - Inverse head and shoulders pattern 🔼IOSTUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe.
This is a double trade setup.
First trade setup
The inverse right shoulder is building up in an ascending triangle pattern.
Possible breakout above the triangle resistance to the inverse head and shoulders neckline resistance ⬆️.
Buy entry ⬆️ - breakout above the ascending triangle resistance.
Target 🎯 - Inverse head and shoulders neckline resistance.
Setup invalidation ❌ - breakdown below the ascending triangle inclined support.
Second trade Setup
If the first trade Setup remains valid.
The inverse head and shoulders reversal pattern will be completed.
So we're looking for a possible breakout above the inverse head and shoulders neckline resistance ⬆️.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Target 🎯 - resistance levels.
IOSTUSD
IOSTUSDT - Weekly analysis IOSTUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Target 🎯 - Resistance level.
Setup invalidation ❌ - breakdown below the inverse shoulder support.
IOST/BTC (Strong Recovery, Test Old Resistance?)BINANCE: IOSTBTC
-IOST came back strong and broke the trendline resistance
-The next possible scenario is to retrace and test the old resistance
-If the old resistance turned support, it will signal a strong reversal
-The potential upside target is up to 86 sat - 108 sat in the midterm
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IOSTBTCthere is a few reasons for this bullish moment..
11 September 2020
Pumpkin Staking & Mining
"IOST’s Version of $SUSHI— Pumpkin, Pump Jack-o-lantern will go live on Sep 11th!"
......
30 September 2020 (or earlier)
DeFi Exploration & Apps
"Explore DeFi, complete and land at least three DeFi applications," during Q3 2020.
......
30 September 2020 (or earlier)
Governance Mechanism
"Implement and optimize IOST on-chain governance mechanism," during Q3 2020.
......
30 September 2020 (or earlier)
Cross-chain Technology
"Implement and apply IOST cross-chain technology," during Q3 2020.
......
30 September 2020 (or earlier)
Partner Node Optimization
"Optimize the ecological mechanism and layout of partner nodes," during Q3 2020.
......
30 September 2020 (or earlier)
Top IP Series Dapps
"Launch top IP series dapps," during Q3 2020.
.....
30 September 2020 (or earlier)
Community Expansion
"Expand the Community plan V2, optimize the core community structure," during Q3 2020.
LONG IOST USDT SETUP 85% UPSIDE1. CRAZY WICKS IN TO SUPPORT
2. BOUNCE OF SUPPORT
3. BREAKOUT OF TRENDLINE FROM TRIANGLE
4. VOLUME STILL HIGH
THERE IS STILL NO ENTRY BUT WHAT ID LIKE TO SEE IS A CLOSE ABOVE $0.006 AND THEN RETEST.
WE THEN ENTER ON THE RETEST.
CHECK OUT THE PREVIOUS FEW TRADES.
DONT BE SHY AND COMMENT YOUR SETUPS.
IF YOU MADE MONEY FROM THESE SETUPS.SHARE IN THE COMMENTS,
IOST/BTC (Break Rising Wedge?)IOST/BTC
-there is a huge volume on this coin today
-trying to break the upper trendline resist
-we can enter a buy position if the trendline can be cleared
-upside target is up to 83 sat
-the stop loss is placed under 66 sat
Time to Buy - Crypto Assets are Waking UpAltcoins are booming one by one: IOSTUSDT, QTUMUSDT, BATUSDT(Basic Attention Token)
So Bitcoin should be able to start a new rise trend, as I mentioned in my recent post.
It may be a good time to buy Crypto.
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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
IOST/USDT (Pullback Before Another Leg up?)IOST/USDT
-after the Cross Ultimate indicator flashes Long signal priority
-the price went up over 20% and manages to break local resistances
-currently, the IOST is testing previous resistance > new support?
-we have a new minor resistance at 5180
-if we can break/close above it
-that's a signal of Long entry
-next resistance above is at 5900-8400
Ascending Triangle on IOST Hello Traders,
IOST/BTC is breaking out of the ascending triangle, which is a bullish indication.
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IOST USDT - Can history repeat itself?IOST started its journey at All time High in Jan 2018 @ 0.139 USDT for each IOST Token while reaching a low of 0.003589 USDT per IOST Token in December 2018, a downfall of 97.42% in just 12 months. After hitting the low in December 2018, it started the journey of crawling back up reaching a high of 0.0185 USDT in April 2019. During this time, it crossed the resistance trend line on the daily / weekly charts and subsequently generated returns of over 190% on the weekly charts while around 160% on the daily charts.
Daily Chart showing the trend during Jan 2018 - April 2019:
Weekly Chart showing the price action:
During December 2018, IOST hit the then all time low while approaching the resistance trend line on daily / weekly charts. Come to March 2020, IOST hit the now all time low while approaching the resistance trend line on daily / weekly charts. The said patterns are shown by the highlighted boxes.
Can IOST break the resistance trendline again and showcase similar price action?
We will monitor and wait for break out of trend line if any and take action accordingly.
IOST/USDT (Retest Old Resist to New Support?)IOST/USDT
-broke out of ascending triangle
-but not enough follow up with the bulls
-new mini resistance at 4200s
-currently testing old resistance
-if this turns to be new support
-and break the 4200 resist level
-that is a good buy signal
-target is the swing top area
IOSTUSDT Buy the RetestIOSTUSDT Buy/Long
Waiting Restest for Entry
On smaller timeframe H1 IOSTUSDT brokeout a triangle pattern with less volume, it may indicate a fakeout.
Let the price make a retest to to breakout zone and a retest is must likely because the volume is not big enough and let the RSI come to a neutral zone then buy if it reverses from the breakout zone.
Entry Price : 0.003155 - 0.003180
Stop Loss : The previous low or 4%
Profit Target : T1 & T2 (15% < 25%)
Risk / Reward Ratio : 1:6
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